Shares of Arcosa Inc (NYSE:ACA) have been assigned an average rating of “Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $40.29.
ACA has been the subject of several research reports. Zacks Investment Research upgraded Arcosa from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Tuesday, October 1st. Sidoti initiated coverage on Arcosa in a research report on Wednesday, September 18th. They issued a “buy” rating and a $47.00 target price for the company.
A number of institutional investors have recently made changes to their positions in ACA. Rockefeller Capital Management L.P. acquired a new stake in Arcosa in the second quarter valued at approximately $60,000. C M Bidwell & Associates Ltd. acquired a new stake in Arcosa in the second quarter valued at approximately $79,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Arcosa in the second quarter valued at approximately $88,000. Trustcore Financial Services LLC acquired a new stake in Arcosa in the second quarter valued at approximately $90,000. Finally, Marshall Wace North America L.P. acquired a new stake in Arcosa in the first quarter valued at approximately $102,000. 84.56% of the stock is owned by hedge funds and other institutional investors.
Shares of ACA stock traded up $0.14 on Friday, hitting $33.33. 193,363 shares of the company’s stock were exchanged, compared to its average volume of 376,934. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.07 and a quick ratio of 1.63. Arcosa has a 12 month low of $21.00 and a 12 month high of $39.74. The stock has a market cap of $1.61 billion and a P/E ratio of 18.31. The company has a 50 day moving average of $33.56 and a 200 day moving average of $34.13.
Arcosa (NYSE:ACA) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.18. The business had revenue of $434.10 million during the quarter, compared to the consensus estimate of $429.22 million. Arcosa had a return on equity of 5.14% and a net margin of 5.66%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. Sell-side analysts predict that Arcosa will post 2.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, October 11th. This represents a $0.20 annualized dividend and a yield of 0.60%. Arcosa’s dividend payout ratio is currently 10.99%.
Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.
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